Financial Services Guide
Pitt Street Research Pty Ltd (Stocks Down Under)
ABN 25 626 365 615
Corporate Authorised Representative, number 1265112 of BR SECURITIES AUSTRALIA PTY LTD
ABN 92 168 734 530
Effective Date: 11 January 2022
BR Securities Australia Pty Ltd (BR) is the holder of Australian Financial Services Licence (“AFSL”) number 456663. Pitt Street Research Pty Ltd (PSR) is an Authorised Representative (number 1265112) of BR. This Financial Service Guide (FSG) is designed to assist you in deciding whether to use PSR’s services and includes such things as who we are, our services, how we transact with you, how we are paid, and complaint processes.
Contact Details BR and PSR
BR Head Office: Suite 5GB, Level 5, 33 Queen St., Brisbane QLD, 4000
Pitt Street Research: Suite 6, Level 8, 3 Spring Street, Sydney, NSW, 2000.
M: Marc Kennis 0434 838 134
PSR is the entity providing the authorised AFSL services to you as a retail or wholesale client.
What Financial Services are we authorised to provide?
PSR is authorised to provide financial advice to retail and wholesale clients in relation to Securities and deal on behalf of retail and wholesale clients in relation to Securities.
The distribution of this FSG by PSR is authorized by BR.
Our financial advice service: Personal Advice Warning: Please note that any financial advice given by PSR is not personal advice, as the information or advice given will not take into account your particular objectives, financial situation or needs. You should, before acting on the financial advice, consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. If our advice relates to the acquisition, or possible acquisition, of a particular financial product you should read any relevant Prospectus, Product Disclosure Statement or like instrument.
We will provide you with recommendations on securities.
Our dealing service: For IPOs we like we’ll send you a prospectus.
How are we paid? PSR earns a fee from a company for providing a freely available research report on that company on PSR’s web page, www.pittstreetresearch.com. You pay a monthly fee to access Stocks Down Under www.stocksdownunder.com, a division of PSR. For our dealing service, we may receive a share of the distribution fees available from the issuer or lead manager.
BR Securities Australia Pty Ltd authorised representatives provide financial advice as honest and reasonable opinions held at a point in time about an investment’s risk profile and merit and the information is provided in good faith. The views of any adviser(s) do not necessarily reflect the views of the AFS Licensee. Our representatives have no obligation to update their advice unless currently contracted to do so. Our representatives do not warrant the accuracy of any information they source from others. All statements as to future matters are not guaranteed to be accurate and any statements as to past performance do not represent future performance. Assessment of risk can be subjective.
Portfolios of equity investments need to be well diversified and the risk appropriate for the investor. Equity investments in listed or unlisted companies yet to achieve a profit or with an equity value less than $50 million should collectively be a small component of a balanced portfolio, with smaller individual investment sizes than otherwise.
The science of climate change is common knowledge and its impacts may damage the global economy. Mitigating climate change may also disrupt the global economy. Investors need to make their own assessments and we disclaim any liability for the adverse impact of either climate change or mitigating strategies on any investment we recommend.
Investors are responsible for their own investment decisions, unless a contract stipulates otherwise. Our representatives do not stand behind the capital value or performance of any investment. Subject to any terms implied by law and which cannot be excluded, our representatives shall not be liable for any errors, omissions, defects or misrepresentations in the information (including by reasons of negligence, negligent misstatement or otherwise) or for any loss or damage (whether direct or indirect) suffered by persons who use or rely on the information. If any law prohibits the exclusion of such liability, our representatives limit liability to the re-supply of the Information, provided that such limitation is permitted by law and is fair and reasonable.
Associations and Relationships
BR, PSR, its directors and related parties have no associations or relationships with any product issuers other than when advising retail clients to invest in managed funds when the managers of these funds may also be clients of BR and PSR’s representatives may from time to time deal in or otherwise have a financial interest in financial products recommended to you but any material ownership will be disclosed to you when relevant advice is provided.
If you have a complaint about our service you should contact your representative and tell them about your complaint. The representative will follow BR’s internal dispute resolution policy. If you aren’t satisfied with an outcome, you may contact AFCA, see below.
BR is a member of the Australian Financial Complaints Authority (AFCA). AFCA provide fair and independent financial services complaint resolution that is free to consumers.
Telephone: 1800931678 (free call)
In writing to: Australian Financial Complaints Authority, GPO Box 3, Melbourne, VIC, 3001.
Professional Indemnity Insurance: BR has in place Professional Indemnity Insurance which satisfies the requirements for compensation under s912B of the Corporations Act and that covers our authorized representatives.